Avantax Key Executives
This section highlights Avantax's key executives, including their titles and compensation details.
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Avantax Earnings
This section highlights Avantax's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q2 | 2023 | 2023-08-12 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-14 | N/A | N/A |
Avantax, Inc. provides wealth management solutions to consumers, small business owners, tax professionals, financial professionals, and certified public accounting firms in the United States. The company offers an integrated platform of technical, practice, compliance, operations, sales, and product support tools that enable to offer tax-advantaged planning, investing, and wealth management services. It also provides financial planning and advisory services, and retirement plan solutions. The company was formerly known as Blucora, Inc. and changed its name to Avantax, Inc. in January 2023. Avantax, Inc. was founded in 1983 and is headquartered in Dallas, Texas.
$25.99
Stock Price
$-
Market Cap
727
Employees
Coppell, TX
Location
Financial Statements
Access annual & quarterly financial statements for Avantax, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Revenue | $666.50M | $885.20M | $754.95M | $717.95M | $560.46M |
| Cost of Revenue | $444.92M | $479.85M | $398.29M | $362.77M | $297.21M |
| Gross Profit | $221.58M | $405.35M | $356.66M | $355.17M | $263.25M |
| Gross Profit Ratio | 33.25% | 45.80% | 47.24% | 49.47% | 46.97% |
| Research and Development Expenses | $8.70M | $30.70M | $27.26M | $30.93M | $19.33M |
| General and Administrative Expenses | $92.75M | $98.67M | $82.16M | $78.53M | $60.12M |
| Selling and Marketing Expenses | $97.91M | $173.33M | $177.62M | $126.20M | $111.36M |
| Selling General and Administrative Expenses | $190.67M | $272.00M | $259.78M | $204.73M | $171.49M |
| Other Expenses | $37.73M | $39.23M | $37.04M | $42.84M | $-15.80M |
| Operating Expenses | $237.10M | $341.93M | $324.07M | $278.50M | $195.28M |
| Cost and Expenses | $682.02M | $821.78M | $722.36M | $641.27M | $492.49M |
| Interest Income | $217.00K | $21.00K | $65.00K | $449.00K | $349.00K |
| Interest Expense | $475.00K | $29.95M | $25.26M | $19.25M | $15.77M |
| Depreciation and Amortization | $37.73M | $43.43M | $39.91M | $44.21M | $38.59M |
| EBITDA | $22.21M | $104.72M | $-269.12M | $119.95M | $106.84M |
| EBITDA Ratio | 3.33% | 11.83% | 8.76% | 16.71% | 19.06% |
| Operating Income | $-15.52M | $61.29M | $26.20M | $75.75M | $67.68M |
| Operating Income Ratio | -2.33% | 6.92% | 3.47% | 10.55% | 12.08% |
| Total Other Income Expenses Net | $3.71M | $-62.75M | $-280.42M | $-92.65M | $-15.80M |
| Income Before Tax | $-11.81M | $-1.46M | $-300.42M | $-16.91M | $51.88M |
| Income Before Tax Ratio | -1.77% | -0.17% | -39.79% | -2.35% | 9.26% |
| Income Tax Expense | $-14.93M | $-9.22M | $42.33M | $-65.05M | $311.00K |
| Net Income | $3.12M | $7.76M | $-342.75M | $48.15M | $50.63M |
| Net Income Ratio | 0.47% | 0.88% | -45.40% | 6.71% | 9.03% |
| EPS | $0.07 | $0.16 | $-7.14 | $1.00 | $1.07 |
| EPS Diluted | $0.06 | $0.16 | $-7.14 | $0.98 | $1.03 |
| Weighted Average Shares Outstanding | 47.99M | 48.34M | 47.98M | 48.26M | 47.39M |
| Weighted Average Shares Outstanding Diluted | 49.18M | 48.58M | 47.98M | 49.28M | 49.38M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $192.34M | $186.93M | $177.98M | $172.39M | $171.70M | $256.88M | $307.55M | $178.33M | $174.17M | $254.31M | $278.38M | $155.16M | $175.35M | $161.12M | $263.32M | $149.42M | $149.02M | $193.74M | $225.77M | $101.26M |
| Cost of Revenue | $117.68M | $110.85M | $108.25M | $103.47M | $109.18M | $120.52M | $129.30M | $124.35M | $122.96M | $118.34M | $114.20M | $106.20M | $98.81M | $86.92M | $106.36M | $102.91M | $103.66M | $90.63M | $73.62M | $76.02M |
| Gross Profit | $74.66M | $76.08M | $69.73M | $68.92M | $62.52M | $136.37M | $178.25M | $53.98M | $51.21M | $135.97M | $164.18M | $48.96M | $76.54M | $74.20M | $156.97M | $46.51M | $45.35M | $103.11M | $152.15M | $25.24M |
| Gross Profit Ratio | 38.82% | 40.70% | 39.20% | 40.00% | 36.40% | 53.10% | 58.00% | 30.30% | 29.40% | 53.50% | 59.00% | 31.55% | 43.65% | 46.05% | 59.61% | 31.13% | 30.43% | 53.22% | 67.39% | 24.93% |
| Research and Development Expenses | $2.35M | $2.19M | $2.72M | $1.97M | $7.47M | $8.62M | $8.50M | $8.47M | $7.87M | $7.23M | $7.13M | $5.36M | $6.01M | $7.38M | $8.52M | $8.61M | $8.63M | $7.16M | $6.53M | $5.11M |
| General and Administrative Expenses | $33.01M | $26.34M | $32.40M | $23.37M | $27.78M | $26.65M | $29.07M | $27.05M | $23.10M | $23.83M | $24.68M | $18.62M | $18.61M | $20.20M | $24.73M | $22.81M | $19.64M | $19.00M | $18.87M | $16.23M |
| Selling and Marketing Expenses | $26.30M | $27.42M | $26.18M | $27.09M | $30.48M | $47.51M | $84.40M | $32.52M | $28.40M | $34.85M | $77.56M | $26.83M | $31.02M | $40.06M | $79.71M | $21.40M | $19.98M | $29.26M | $55.57M | $16.64M |
| Selling General and Administrative Expenses | $59.31M | $53.76M | $58.58M | $50.45M | $58.26M | $74.15M | $113.48M | $59.57M | $51.50M | $58.68M | $102.25M | $45.46M | $49.62M | $60.26M | $104.44M | $44.21M | $39.62M | $48.26M | $74.45M | $32.87M |
| Other Expenses | $- | $- | $9.93M | $9.87M | $10.18M | $- | $- | $-190.00K | $-313.00K | $-61.00K | $-62.00K | $-151.00K | $-735.00K | $-58.00K | $-452.00K | $-106.00K | $-78.00K | $-37.00K | $-112.00K | $-3.95M |
| Operating Expenses | $72.21M | $65.77M | $71.23M | $62.29M | $75.92M | $92.37M | $131.54M | $77.65M | $69.25M | $76.18M | $118.85M | $60.34M | $65.25M | $75.98M | $122.50M | $64.51M | $59.80M | $65.90M | $82.04M | $38.74M |
| Cost and Expenses | $189.89M | $176.62M | $179.48M | $165.77M | $185.10M | $212.89M | $260.84M | $202.00M | $192.22M | $194.52M | $233.05M | $166.54M | $164.06M | $162.90M | $228.85M | $167.42M | $163.47M | $156.53M | $155.66M | $114.75M |
| Interest Income | $5.65M | $49.00K | $894.00K | $52.00K | $52.00K | $- | $- | $19.00K | $- | $- | $2.00K | $38.00K | $2.00K | $11.00K | $14.00K | $108.00K | $52.00K | $149.00K | $140.00K | $132.00K |
| Interest Expense | $5.12M | $4.70M | $1.56M | $52.00K | $9.35M | $7.72M | $7.45M | $7.31M | $7.59M | $7.59M | $7.46M | $7.44M | $7.53M | $4.91M | $5.38M | $5.04M | $5.54M | $4.86M | $3.81M | $3.88M |
| Depreciation and Amortization | $10.55M | $9.82M | $9.93M | $10.39M | $11.96M | $4.27M | $12.58M | $9.61M | $10.91M | $11.16M | $10.42M | $9.53M | $10.37M | $9.09M | $10.17M | $11.70M | $11.89M | $10.48M | $9.35M | $762.00K |
| EBITDA | $13.00M | $20.13M | $8.43M | $16.49M | $-1.44M | $50.78M | $45.04M | $-14.63M | $-7.83M | $41.63M | $55.33M | $-2.34M | $1.01M | $6.92M | $-241.84M | $-6.50M | $-72.11M | $47.43M | $79.32M | $-12.74M |
| EBITDA Ratio | 6.76% | 10.66% | 4.80% | 9.57% | -0.84% | 21.43% | 18.74% | -8.20% | -4.49% | 27.73% | 19.87% | -1.51% | 9.62% | 4.30% | 16.67% | -4.35% | -1.94% | 24.48% | 35.13% | -12.58% |
| Operating Income | $2.55M | $10.35M | $-1.38M | $6.10M | $-13.40M | $50.78M | $45.04M | $-27.95M | $-20.28M | $41.63M | $37.23M | $-23.69M | $1.01M | $-4.61M | $-241.84M | $-26.02M | $-72.11M | $28.03M | $70.11M | $-13.49M |
| Operating Income Ratio | 1.33% | 5.54% | -0.77% | 3.54% | -7.81% | 19.77% | 14.65% | -15.68% | -11.64% | 16.37% | 13.37% | -15.27% | 0.58% | -2.86% | -91.84% | -17.42% | -48.39% | 14.47% | 31.06% | -13.33% |
| Total Other Income Expenses Net | $-5.12M | $-4.66M | $650.00K | $-576.00K | $-9.75M | $-8.12M | $-7.84M | $-7.88M | $-8.29M | $-8.02M | $-7.88M | $-20.70M | $-11.96M | $-5.29M | $-6.13M | $-13.26M | $-2.61M | $-5.12M | $-3.96M | $-3.94M |
| Income Before Tax | $-2.56M | $5.65M | $-729.00K | $6.05M | $-23.57M | $42.67M | $37.20M | $-35.83M | $-28.58M | $33.60M | $29.35M | $-31.61M | $-10.95M | $-9.89M | $-247.97M | $-31.26M | $-74.72M | $22.91M | $66.16M | $-17.44M |
| Income Before Tax Ratio | -1.33% | 3.02% | -0.41% | 3.51% | -13.73% | 16.61% | 12.10% | -20.09% | -16.41% | 13.21% | 10.54% | -20.37% | -6.24% | -6.14% | -94.17% | -20.92% | -50.14% | 11.83% | 29.30% | -17.22% |
| Income Tax Expense | $-1.07M | $2.07M | $-481.00K | $7.65M | $-1.73M | $3.24M | $2.58M | $-12.14M | $-774.00K | $1.99M | $1.70M | $19.09M | $15.26M | $-59.54M | $67.52M | $-48.58M | $-12.33M | $-8.12M | $3.98M | $-1.74M |
| Net Income | $-1.50M | $3.58M | $-248.00K | $-1.60M | $-21.84M | $39.42M | $34.62M | $-23.69M | $-27.80M | $31.61M | $27.65M | $-50.70M | $-26.21M | $49.65M | $-315.49M | $17.33M | $-62.39M | $31.04M | $62.17M | $-15.98M |
| Net Income Ratio | -0.78% | 1.92% | -0.14% | -0.93% | -12.72% | 15.35% | 11.26% | -13.29% | -15.96% | 12.43% | 9.93% | -32.68% | -14.94% | 30.81% | -119.81% | 11.60% | -41.87% | 16.02% | 27.54% | -15.78% |
| EPS | $-0.04 | $0.09 | $-0.01 | $-0.03 | $-0.46 | $0.81 | $0.70 | $-0.49 | $-0.57 | $0.65 | $0.57 | $-1.05 | $-0.55 | $1.04 | $-6.60 | $0.36 | $-1.28 | $0.64 | $1.29 | $-0.33 |
| EPS Diluted | $-0.04 | $0.09 | $-0.01 | $-0.03 | $-0.46 | $0.81 | $0.70 | $-0.49 | $-0.57 | $0.64 | $0.56 | $-1.05 | $-0.55 | $1.03 | $-6.60 | $0.36 | $-1.28 | $0.62 | $1.25 | $-0.32 |
| Weighted Average Shares Outstanding | 36.92M | 38.35M | 44.65M | 48.03M | 47.85M | 47.58M | 48.51M | 48.67M | 48.71M | 48.51M | 48.26M | 48.10M | 47.65M | 47.94M | 47.80M | 47.69M | 48.65M | 48.55M | 48.16M | 48.00M |
| Weighted Average Shares Outstanding Diluted | 36.92M | 39.20M | 44.65M | 48.03M | 47.85M | 48.69M | 49.75M | 48.84M | 48.71M | 49.38M | 49.10M | 48.10M | 48.04M | 48.09M | 47.83M | 48.34M | 48.65M | 49.82M | 49.54M | 49.65M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $263.93M | $134.82M | $150.12M | $80.82M | $84.52M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $263.93M | $134.82M | $150.12M | $80.82M | $84.52M |
| Net Receivables | $44.80M | $21.21M | $12.74M | $16.27M | $37.95M |
| Inventory | $1 | $13.14M | $10.28M | $17.42M | $8.01M |
| Other Current Assets | $15.03M | $65.30M | $37.09M | $42.06M | $586.00K |
| Total Current Assets | $323.75M | $200.28M | $200.67M | $139.14M | $131.07M |
| Property Plant Equipment Net | $72.40M | $94.10M | $81.95M | $28.86M | $12.39M |
| Goodwill | $266.28M | $454.82M | $454.82M | $662.38M | $548.68M |
| Intangible Assets | $292.50M | $302.29M | $322.18M | $290.21M | $294.60M |
| Goodwill and Intangible Assets | $558.78M | $757.11M | $777.00M | $952.59M | $843.29M |
| Long Term Investments | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $10.00M | $- |
| Other Non-Current Assets | $8.58M | $20.45M | $4.57M | $6.99M | $10.98M |
| Total Non-Current Assets | $639.76M | $871.66M | $863.52M | $998.43M | $866.66M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $963.51M | $1.07B | $1.06B | $1.14B | $997.73M |
| Account Payables | $21.36M | $8.22M | $9.29M | $10.97M | $3.80M |
| Short Term Debt | $5.14M | $6.71M | $4.09M | $14.50M | $- |
| Tax Payables | $85.97M | $- | $- | $- | $- |
| Deferred Revenue | $4.58M | $13.18M | $12.30M | $12.01M | $10.26M |
| Other Current Liabilities | $25.25M | $83.62M | $75.44M | $56.05M | $34.23M |
| Total Current Liabilities | $142.29M | $111.72M | $101.12M | $93.53M | $48.28M |
| Long Term Debt | $30.33M | $586.40M | $588.96M | $387.40M | $260.39M |
| Deferred Revenue Non-Current | $4.40M | $5.32M | $6.25M | $7.17M | $8.58M |
| Deferred Tax Liabilities Non-Current | $20.82M | $20.12M | $30.66M | $- | $40.39M |
| Other Non-Current Liabilities | $22.48M | $6.75M | $24.92M | $5.95M | $32.48M |
| Total Non-Current Liabilities | $78.02M | $618.60M | $650.79M | $400.52M | $341.85M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $220.32M | $730.32M | $751.90M | $494.06M | $390.13M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K |
| Retained Earnings | $-829.54M | $-1.25B | $-1.26B | $-914.79M | $-961.69M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $-272.00K | $-446.00K |
| Other Total Stockholders Equity | $1.57B | $1.59B | $1.57B | $1.56B | $1.57B |
| Total Stockholders Equity | $743.20M | $341.62M | $312.29M | $643.51M | $607.60M |
| Total Equity | $743.20M | $341.62M | $312.29M | $643.51M | $632.54M |
| Total Liabilities and Stockholders Equity | $963.51M | $1.07B | $1.06B | $1.14B | $997.73M |
| Minority Interest | $- | $- | $- | $- | $24.95M |
| Total Liabilities and Total Equity | $963.51M | $1.07B | $1.06B | $1.14B | $997.73M |
| Total Investments | $- | $- | $- | $- | $- |
| Total Debt | $35.47M | $593.11M | $593.04M | $401.90M | $260.39M |
| Net Debt | $-228.46M | $458.29M | $442.92M | $321.08M | $175.87M |
Balance Sheet Charts
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $106.44M | $109.79M | $144.96M | $263.93M | $91.10M | $171.30M | $144.22M | $134.82M | $184.93M | $232.41M | $191.80M | $150.12M | $151.17M | $90.08M | $168.20M | $80.82M | $97.47M | $109.61M | $149.76M | $84.52M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $106.44M | $109.79M | $144.96M | $263.93M | $91.10M | $171.30M | $144.22M | $134.82M | $184.93M | $232.41M | $191.80M | $150.12M | $151.17M | $90.08M | $168.20M | $80.82M | $97.47M | $109.61M | $149.76M | $84.52M |
| Net Receivables | $46.86M | $25.13M | $46.79M | $44.80M | $25.68M | $20.35M | $26.62M | $21.21M | $17.89M | $18.78M | $24.53M | $12.74M | $12.19M | $15.91M | $25.34M | $16.27M | $16.80M | $20.39M | $24.11M | $37.95M |
| Inventory | $1 | $22.50M | $1 | $1 | $10.64M | $12.26M | $16.21M | $- | $8.06M | $11.38M | $13.71M | $637.00K | $9.07M | $10.97M | $13.97M | $5.63M | $1.28M | $146.00K | $1.53M | $842.00K |
| Other Current Assets | $32.94M | $52.06M | $19.75M | $15.03M | $40.16M | $38.91M | $44.59M | $78.44M | $36.66M | $41.23M | $40.28M | $37.81M | $32.29M | $27.09M | $38.42M | $42.06M | $38.49M | $38.67M | $26.75M | $7.75M |
| Total Current Assets | $186.24M | $186.98M | $211.50M | $323.75M | $156.94M | $230.56M | $215.43M | $200.28M | $239.94M | $293.46M | $256.61M | $200.67M | $201.46M | $138.80M | $231.96M | $139.14M | $152.76M | $168.66M | $208.07M | $131.07M |
| Property Plant Equipment Net | $68.06M | $69.92M | $70.96M | $72.40M | $94.84M | $95.62M | $93.80M | $94.10M | $89.77M | $86.25M | $87.05M | $81.95M | $77.97M | $71.45M | $61.03M | $28.86M | $27.43M | $26.43M | $18.26M | $12.39M |
| Goodwill | $266.28M | $266.28M | $266.28M | $266.28M | $454.82M | $454.82M | $454.82M | $454.82M | $454.82M | $454.82M | $454.82M | $454.82M | $449.22M | $391.08M | $391.08M | $662.38M | $663.00M | $674.13M | $548.77M | $548.68M |
| Intangible Assets | $256.87M | $259.12M | $261.07M | $266.00M | $288.61M | $291.54M | $296.89M | $302.29M | $304.44M | $308.74M | $315.29M | $322.18M | $331.01M | $275.79M | $282.46M | $290.21M | $301.53M | $355.60M | $286.56M | $294.60M |
| Goodwill and Intangible Assets | $523.15M | $525.40M | $527.35M | $532.28M | $743.43M | $746.36M | $751.72M | $757.11M | $759.26M | $763.56M | $770.12M | $777.00M | $780.24M | $666.87M | $673.55M | $952.59M | $964.54M | $1.03B | $835.33M | $843.29M |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.61M | $- | $10.00M | $- | $- | $- | $- |
| Other Non-Current Assets | $48.24M | $39.34M | $37.47M | $35.08M | $30.38M | $26.55M | $23.02M | $20.45M | $14.52M | $13.61M | $5.34M | $4.57M | $4.09M | $3.75M | $4.40M | $6.99M | $9.90M | $10.82M | $11.05M | $10.98M |
| Total Non-Current Assets | $639.44M | $634.66M | $635.77M | $639.76M | $868.65M | $868.53M | $868.53M | $871.66M | $863.54M | $863.43M | $862.50M | $863.52M | $862.30M | $743.68M | $738.97M | $998.43M | $1.00B | $1.07B | $864.64M | $866.66M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $825.68M | $821.64M | $847.27M | $963.51M | $1.03B | $1.10B | $1.08B | $1.07B | $1.10B | $1.16B | $1.12B | $1.06B | $1.06B | $882.48M | $970.93M | $1.14B | $1.15B | $1.24B | $1.07B | $997.73M |
| Account Payables | $3.77M | $2.17M | $17.85M | $21.36M | $3.80M | $6.96M | $23.88M | $8.22M | $8.93M | $10.16M | $22.02M | $9.29M | $6.46M | $13.69M | $30.09M | $10.97M | $12.14M | $7.95M | $10.23M | $3.80M |
| Short Term Debt | $16.92M | $15.30M | $10.47M | $5.14M | $5.11M | $6.84M | $6.76M | $6.71M | $6.22M | $5.56M | $5.11M | $4.09M | $3.33M | $2.48M | $58.42M | $14.50M | $5.39M | $8.09M | $6.49M | $- |
| Tax Payables | $5.44M | $5.08M | $88.03M | $85.97M | $2.79M | $5.50M | $3.70M | $- | $1.63M | $4.53M | $3.07M | $- | $- | $- | $10.59M | $- | $- | $- | $- | $- |
| Deferred Revenue | $4.24M | $5.66M | $6.73M | $4.58M | $5.91M | $6.33M | $8.46M | $13.18M | $5.47M | $5.08M | $5.28M | $12.30M | $4.28M | $4.18M | $4.42M | $12.01M | $7.46M | $4.16M | $6.42M | $10.26M |
| Other Current Liabilities | $59.39M | $50.74M | $23.53M | $25.25M | $44.97M | $63.03M | $72.94M | $83.62M | $92.04M | $95.00M | $88.43M | $75.44M | $59.71M | $49.81M | $67.11M | $56.05M | $58.13M | $62.24M | $62.33M | $44.48M |
| Total Current Liabilities | $89.76M | $78.95M | $146.62M | $142.29M | $62.58M | $88.65M | $115.74M | $111.72M | $114.29M | $120.33M | $123.91M | $101.12M | $73.79M | $70.16M | $170.63M | $93.53M | $83.12M | $82.43M | $85.48M | $48.28M |
| Long Term Debt | $276.19M | $280.02M | $187.16M | $30.33M | $552.27M | $585.27M | $585.80M | $586.40M | $587.01M | $587.59M | $588.41M | $588.96M | $589.39M | $417.97M | $413.03M | $387.40M | $381.60M | $381.58M | $262.69M | $260.39M |
| Deferred Revenue Non-Current | $3.70M | $3.93M | $4.16M | $4.40M | $4.63M | $4.86M | $5.09M | $5.32M | $5.55M | $5.78M | $6.01M | $6.25M | $6.48M | $6.71M | $6.94M | $7.17M | $7.40M | $7.63M | $7.89M | $8.58M |
| Deferred Tax Liabilities Non-Current | $15.58M | $16.08M | $21.01M | $20.82M | $19.55M | $19.12M | $19.48M | $20.12M | $29.50M | $29.70M | $30.39M | $30.66M | $12.80M | $- | $47.50M | $- | $35.23M | $44.84M | $39.42M | $40.39M |
| Other Non-Current Liabilities | $36.76M | $31.45M | $20.27M | $22.48M | $14.98M | $11.73M | $8.98M | $6.75M | $7.99M | $30.97M | $25.74M | $24.92M | $22.15M | $6.79M | $6.66M | $5.95M | $12.44M | $13.92M | $8.70M | $32.48M |
| Total Non-Current Liabilities | $332.23M | $331.49M | $232.61M | $78.02M | $591.42M | $620.99M | $619.35M | $618.60M | $630.05M | $654.05M | $650.55M | $650.79M | $630.82M | $431.46M | $474.13M | $400.52M | $436.67M | $447.98M | $318.70M | $341.85M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $421.99M | $410.44M | $379.23M | $220.32M | $654.00M | $709.63M | $735.09M | $730.32M | $744.35M | $774.38M | $774.46M | $751.90M | $704.61M | $501.62M | $644.76M | $494.06M | $519.78M | $530.41M | $404.18M | $390.13M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $4.00K | $4.00K | $4.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K |
| Retained Earnings | $-825.78M | $-824.29M | $-827.87M | $-829.54M | $-1.20B | $-1.18B | $-1.22B | $-1.25B | $-1.23B | $-1.20B | $-1.23B | $-1.26B | $-1.21B | $-1.18B | $-1.23B | $-914.79M | $-932.50M | $-870.12M | $-901.15M | $-961.69M |
| Accumulated Other Comprehensive Income Loss | $- | $-12.06M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-272.00K | $-272.00K | $-208.00K | $-339.00K | $-446.00K |
| Other Total Stockholders Equity | $1.23B | $1.24B | $1.30B | $1.57B | $1.57B | $1.57B | $1.56B | $1.59B | $1.59B | $1.58B | $1.57B | $1.57B | $1.57B | $1.56B | $1.56B | $1.56B | $1.57B | $1.58B | $1.57B | $1.57B |
| Total Stockholders Equity | $403.69M | $411.20M | $468.04M | $743.20M | $371.59M | $389.45M | $348.87M | $341.62M | $359.13M | $382.51M | $344.65M | $312.29M | $359.14M | $380.86M | $326.18M | $643.51M | $634.85M | $705.23M | $668.54M | $607.60M |
| Total Equity | $403.69M | $411.20M | $468.04M | $743.20M | $371.59M | $389.45M | $348.87M | $341.62M | $359.13M | $382.51M | $344.65M | $312.29M | $359.14M | $380.86M | $326.18M | $643.51M | $634.85M | $705.23M | $671.05M | $632.54M |
| Total Liabilities and Stockholders Equity | $825.68M | $821.64M | $847.27M | $963.51M | $1.03B | $1.10B | $1.08B | $1.07B | $1.10B | $1.16B | $1.12B | $1.06B | $1.06B | $882.48M | $970.93M | $1.14B | $1.15B | $1.24B | $1.07B | $997.73M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $2.52M | $24.95M |
| Total Liabilities and Total Equity | $825.68M | $821.64M | $847.27M | $963.51M | $1.03B | $1.10B | $1.08B | $1.07B | $1.10B | $1.16B | $1.12B | $1.06B | $1.06B | $882.48M | $970.93M | $1.14B | $1.15B | $1.24B | $1.07B | $997.73M |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $293.11M | $295.32M | $197.64M | $35.47M | $557.38M | $592.11M | $592.56M | $593.11M | $593.23M | $593.15M | $593.52M | $593.04M | $592.72M | $420.45M | $471.45M | $401.90M | $393.04M | $396.58M | $269.18M | $260.39M |
| Net Debt | $186.67M | $185.53M | $52.68M | $-228.46M | $466.28M | $420.81M | $448.34M | $458.29M | $408.30M | $360.74M | $401.72M | $442.92M | $441.56M | $330.37M | $303.25M | $321.08M | $295.58M | $286.97M | $119.42M | $175.87M |
Annual Cash Flow
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Net Income | $3.12M | $7.76M | $-342.75M | $48.15M | $51.57M |
| Depreciation and Amortization | $37.73M | $43.43M | $39.91M | $44.21M | $38.59M |
| Deferred Income Tax | $1.70M | $-10.54M | $41.06M | $-67.55M | $-3.04M |
| Stock Based Compensation | $21.15M | $20.75M | $10.07M | $16.30M | $13.25M |
| Change in Working Capital | $-2.75M | $-56.53M | $2.82M | $-2.38M | $2.57M |
| Accounts Receivables | $1.65M | $-8.09M | $5.75M | $400.00K | $-3.03M |
| Inventory | $- | $-46.47M | $2.95M | $14.13M | $-1.10M |
| Accounts Payables | $-3.07M | $-1.93M | $-5.08M | $461.00K | $-3.23M |
| Other Working Capital | $-1.32M | $-43.00K | $-796.00K | $-17.37M | $9.93M |
| Other Non Cash Items | $45.67M | $31.97M | $292.98M | $54.07M | $2.60M |
| Net Cash Provided by Operating Activities | $106.62M | $36.83M | $44.08M | $92.80M | $105.55M |
| Investments in Property Plant and Equipment | $-14.89M | $-30.28M | $-39.15M | $-10.50M | $-7.63M |
| Acquisitions Net | $- | $- | $-101.56M | $-159.09M | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $680.73M | $-8.32M | $-120.34M | $-159.09M | $- |
| Net Cash Used for Investing Activities | $665.84M | $-38.59M | $-140.71M | $-169.59M | $-7.63M |
| Debt Repayment | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-35.00M | $-1.64M | $-1.16M | $-28.40M | $-8.36M |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-609.16M | $-14.18M | $160.94M | $77.84M | $-74.80M |
| Net Cash Used Provided by Financing Activities | $-609.16M | $-14.18M | $160.94M | $77.84M | $-74.80M |
| Effect of Forex Changes on Cash | $- | $- | $- | $38.00K | $-56.00K |
| Net Change in Cash | $163.30M | $-15.94M | $64.31M | $1.08M | $23.05M |
| Cash at End of Period | $263.93M | $134.82M | $150.76M | $86.45M | $85.37M |
| Cash at Beginning of Period | $100.63M | $150.76M | $86.45M | $85.37M | $62.31M |
| Operating Cash Flow | $106.62M | $36.83M | $44.08M | $92.80M | $105.55M |
| Capital Expenditure | $-14.89M | $-30.28M | $-39.15M | $-10.50M | $-7.63M |
| Free Cash Flow | $91.73M | $6.55M | $4.93M | $82.30M | $97.92M |
Cash Flow Charts
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.50M | $3.58M | $-248.00K | $-49.08M | $-21.84M | $39.42M | $34.62M | $-23.69M | $-27.80M | $31.61M | $27.65M | $-50.70M | $-26.21M | $49.65M | $-315.49M | $17.33M | $-62.39M | $31.04M | $62.17M | $-15.70M |
| Depreciation and Amortization | $10.55M | $9.82M | $9.93M | $2.60M | $12.36M | $11.46M | $11.30M | $10.93M | $10.91M | $11.16M | $10.42M | $10.29M | $10.37M | $9.09M | $10.17M | $12.13M | $11.89M | $10.83M | $9.35M | $9.05M |
| Deferred Income Tax | $-185.00K | $-1.05M | $194.00K | $2.27M | $421.00K | $-355.00K | $-644.00K | $-9.38M | $-198.00K | $-694.00K | $-269.00K | $17.86M | $14.41M | $-49.11M | $57.90M | $-44.21M | $-27.79M | $5.42M | $-972.00K | $-1.97M |
| Stock Based Compensation | $6.58M | $3.29M | $7.80M | $4.02M | $5.71M | $5.20M | $6.22M | $5.25M | $4.73M | $5.16M | $5.61M | $2.85M | $4.52M | $3.90M | $- | $5.14M | $4.64M | $4.08M | $2.44M | $3.69M |
| Change in Working Capital | $-6.98M | $-93.86M | $-19.61M | $95.70M | $-23.80M | $-13.43M | $-8.51M | $-26.36M | $-14.75M | $-17.79M | $2.37M | $16.92M | $-7.41M | $-28.63M | $21.94M | $4.40M | $23.68M | $-26.58M | $-3.87M | $4.60M |
| Accounts Receivables | $269.00K | $-339.00K | $-1.98M | $730.00K | $-4.61M | $7.99M | $-2.46M | $-4.14M | $2.60M | $4.95M | $-11.43M | $-1.56M | $5.02M | $11.38M | $-5.61M | $519.00K | $2.70M | $4.84M | $-7.21M | $-7.72M |
| Inventory | $- | $-91.43M | $- | $- | $- | $-378.00K | $-14.21M | $-28.98M | $-15.62M | $-10.87M | $8.58M | $8.40M | $-4.38M | $-21.49M | $19.59M | $-5.70M | $17.20M | $-2.65M | $2.98M | $-1.67M |
| Accounts Payables | $1.75M | $-792.00K | $-3.51M | $5.48M | $-2.98M | $-18.68M | $13.11M | $-716.00K | $-1.88M | $-11.45M | $12.47M | $2.83M | $-7.76M | $-18.05M | $15.78M | $2.38M | $710.00K | $-8.55M | $4.89M | $1.65M |
| Other Working Capital | $-9.00M | $-1.30M | $-14.12M | $89.50M | $-16.22M | $-2.36M | $-4.95M | $-21.50M | $-15.47M | $-11.30M | $1.33M | $15.66M | $-4.66M | $-21.97M | $11.77M | $1.51M | $20.27M | $-22.88M | $-1.55M | $10.67M |
| Other Non Cash Items | $3.19M | $2.01M | $2.92M | $-10.81M | $3.41M | $-3.98M | $4.35M | $5.69M | $4.23M | $14.10M | $7.95M | $11.55M | $5.25M | $2.62M | $273.55M | $1.77M | $49.40M | $1.79M | $1.11M | $284.00K |
| Net Cash Provided by Operating Activities | $11.66M | $-76.21M | $988.00K | $44.71M | $-23.75M | $38.32M | $47.34M | $-37.56M | $-22.88M | $43.55M | $53.72M | $8.77M | $940.00K | $-12.49M | $46.86M | $-3.44M | $-565.00K | $26.58M | $70.24M | $-35.00K |
| Investments in Property Plant and Equipment | $-2.76M | $-2.96M | $-2.54M | $2.26M | $-5.36M | $-7.06M | $-4.73M | $-8.65M | $-8.08M | $-4.95M | $-8.60M | $-10.43M | $-9.64M | $-11.36M | $-7.71M | $-3.61M | $-3.95M | $-1.70M | $-1.24M | $-2.29M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $515.00K | $-102.08M | $- | $- | $1.00K | $5.37M | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-2.57M | $-3.43M | $194.00K | $684.48M | $-1.89M | $-1.11M | $-751.00K | $-4.49M | $-2.94M | $-294.00K | $-587.00K | $-3.14M | $-102.08M | $- | $- | $1.00K | $5.37M | $-164.46M | $- | $- |
| Net Cash Used for Investing Activities | $-5.32M | $-6.39M | $-2.35M | $686.74M | $-7.25M | $-8.17M | $-5.48M | $-13.14M | $-11.02M | $-5.24M | $-9.19M | $-9.92M | $-111.72M | $-11.36M | $-7.71M | $-3.61M | $1.42M | $-166.16M | $-1.24M | $-2.29M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-9.07M | $-51.17M | $-276.95M | $-499.00K | $-54.00K | $-4.46M | $-30.54M | $-31.00K | $-284.00K | $-464.00K | $-865.00K | $-129.00K | $-28.00K | $-88.00K | $-918.00K | $-16.43M | $-12.32M | $-2.73M | $-2.42M | $-2.38M |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-9.69M | $47.43M | $-117.61M | $-524.42M | $-49.20M | $-3.08M | $-32.46M | $67.00K | $-13.64M | $647.00K | $-1.25M | $547.00K | $170.80M | $-54.17M | $43.77M | $-5.24M | $-11.84M | $98.00M | $-3.08M | $-852.00K |
| Net Cash Used Provided by Financing Activities | $-9.69M | $47.43M | $-117.61M | $-524.42M | $-49.20M | $-3.08M | $-32.46M | $67.00K | $-13.64M | $647.00K | $-1.25M | $547.00K | $170.80M | $-54.17M | $43.77M | $-5.24M | $-11.84M | $98.00M | $-3.08M | $-852.00K |
| Effect of Forex Changes on Cash | $- | $- | $- | $-34.20M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-20.00K | $43.00K | $15.00K | $-45.00K |
| Net Change in Cash | $-3.36M | $-35.16M | $-118.97M | $172.82M | $-80.19M | $27.07M | $9.40M | $-50.64M | $-47.54M | $38.96M | $43.28M | $-607.00K | $60.02M | $-78.02M | $82.92M | $-12.30M | $-11.00M | $-41.54M | $65.92M | $-3.23M |
| Cash at End of Period | $106.44M | $109.79M | $144.96M | $263.93M | $91.10M | $171.30M | $144.22M | $134.82M | $185.46M | $233.00M | $194.04M | $150.76M | $151.37M | $91.35M | $169.37M | $86.45M | $98.75M | $109.75M | $151.29M | $85.37M |
| Cash at Beginning of Period | $109.79M | $144.96M | $263.93M | $91.10M | $171.30M | $144.22M | $134.82M | $185.46M | $233.00M | $194.04M | $150.76M | $151.37M | $91.35M | $169.37M | $86.45M | $98.75M | $109.75M | $151.29M | $85.37M | $88.59M |
| Operating Cash Flow | $11.66M | $-76.21M | $988.00K | $44.71M | $-23.75M | $38.32M | $47.34M | $-37.56M | $-22.88M | $43.55M | $53.72M | $8.77M | $940.00K | $-12.49M | $46.86M | $-3.44M | $-565.00K | $26.58M | $70.24M | $-35.00K |
| Capital Expenditure | $-2.76M | $-2.96M | $-2.54M | $2.26M | $-5.36M | $-7.06M | $-4.73M | $-8.65M | $-8.08M | $-4.95M | $-8.60M | $-10.43M | $-9.64M | $-11.36M | $-7.71M | $-3.61M | $-3.95M | $-1.70M | $-1.24M | $-2.29M |
| Free Cash Flow | $8.90M | $-79.16M | $-1.55M | $46.97M | $-29.11M | $31.26M | $42.61M | $-46.21M | $-30.96M | $38.60M | $45.12M | $-1.67M | $-8.70M | $-23.85M | $39.15M | $-7.06M | $-4.51M | $24.88M | $68.99M | $-2.33M |
Avantax Dividends
Explore Avantax's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
7.16x
Avantax Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $9 | $9 | January 09, 2008 | |||
| $6.3 | $6.3 | May 16, 2007 |
Avantax News
Read the latest news about Avantax, including recent articles, headlines, and updates.
Avantax Welcomes Multi-Generational Firm Brazzel Wealth Management, With Approximately $80 Million in Assets Under Administration
DALLAS--(BUSINESS WIRE)--Avantax, a community of tax-focused financial professionals within Cetera, welcomes veteran financial advisor Toby Brazzel, who joined Avantax because he wanted a financial services partner who would help him build a multi-generational advisory practice in which his son and wife could be more actively and directly involved. Brazzel transferred to Avantax from Allstate Financial Services, LLC, where he had approximately $80 million in client assets under administration a.
Avantax Welcomes Independent Financial Advisor Andrew Erickson
DALLAS--(BUSINESS WIRE)--Avantax® Inc. (Avantax), a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management, welcomes independent financial advisor Andrew Erickson, CFP® CEPA®, founder of ClearGuide Wealth LLC. Based in the Chicagoland area, Erickson transferred to Avantax after eight years with Edward Jones, where he had approximately $143 million in client assets under administration as of July 30, 2024*. Erickson joined Avantax because of.
Avantax National Conference Focuses Financial Professionals on Evolving from Fiduciary to Stewardship Relationships with Clients
DALLAS--(BUSINESS WIRE)--Avantax® Inc. (Avantax), a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management, conducted its largest-ever National Conference in San Diego attended by more than 1,300 Financial Professionals, Wealth Management Assistants, Home Office staff, and Partners. Kicking off the conference – themed “Charting the Course” – Avantax Wealth Management President Andy Watts, CFP®, reminded attendees that the core of the Avantax.
Avantax Acquires SEP Financial Services from Veteran Independent Financial Advisor Stephen E. Plain
DALLAS--(BUSINESS WIRE)--Avantax® Inc. (Avantax), a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management, has acquired SEP Financial Services, founded by veteran independent financial advisor Stephen E. Plain, who's been affiliated with Avantax for 25 years. Plain chose to evolve his relationship with Avantax as the core to his succession plan, which involves his practice and clients transitioning to Avantax Planning Partners℠ (APP), the e.
Avantax Wealth Management Welcomes Noble Oak Financial
DALLAS, July 23, 2024 (GLOBE NEWSWIRE) -- Avantax® Inc. (Avantax), a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management, welcomes financial advisors Josh Linton, CPFA® and Mike Koltz, CPFA® , and their director of operations and client services Danielle Boutwell, CPFA® . Linton and Koltz, founders of Noble Oak Financial, were previously affiliated with LPL Financial and had approximately $300 million in client assets under administration as of December 2023*.
Avantax Welcomes Long Island-based S&P Financial Services with Approximately $150 Million in Client Assets
DALLAS, July 17, 2024 (GLOBE NEWSWIRE) -- Avantax® Inc., a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management, welcomes financial advisors John Surace, Kelly Powers and their S&P Financial Services team, based in Hauppauge, New York, in the heart of Long Island. Transferring to Avantax from Osaic, the team has approximately $150 million in client assets under administration as of June 2024*.
Avantax Named Finalist in Practice Management Category at the 2024 WealthManagement.com “Wealthies” Industry Awards
DALLAS, July 02, 2024 (GLOBE NEWSWIRE) -- Avantax®, Inc., a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management, announced today that it has been recognized as a finalist in the 2024 Wealth Management Industry Awards (“Wealthies”)* for Practice Management among broker-dealers with 1,000 or more advisors. Now in its 10th year, the annual WealthManagement.com Industry Awards honors the individuals, organizations and companies that help financial advisors build better businesses and create better outcomes for their clients.
Avantax Wealth Management Welcomes Financial Advisor Erin Hinzmann
DALLAS, June 04, 2024 (GLOBE NEWSWIRE) -- Avantax® Inc., a leader in tax-focused financial planning and wealth management, welcomes Erin Hinzmann who joined Avantax Wealth Management (Avantax) via Alliance Wealth Strategies LLC. Hinzmann was previously affiliated with Ameriprise Financial and had approximately $120 million in client assets under administration as of May 2024*.
Psagot Value Holdings Ltd. Israel Buys 509 Shares of NVIDIA Co. (NASDAQ:NVDA)
Psagot Value Holdings Ltd. Israel lifted its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,602 shares of the computer hardware maker’s stock after acquiring an additional 509 shares during the quarter. NVIDIA accounts for about 2.1% of Psagot Value Holdings Ltd. Israel’s investment portfolio, making the stock its 11th largest holding. Psagot Value Holdings Ltd. Israel’s holdings in NVIDIA were worth $4,755,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds have also recently made changes to their positions in the stock. 1ST Source Bank boosted its position in NVIDIA by 4.1% in the fourth quarter. 1ST Source Bank now owns 10,003 shares of the computer hardware maker’s stock worth $4,954,000 after purchasing an additional 398 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of NVIDIA by 1.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 120,977 shares of the computer hardware maker’s stock worth $59,910,000 after purchasing an additional 1,279 shares during the period. Wambolt & Associates LLC boosted its holdings in shares of NVIDIA by 32.3% in the fourth quarter. Wambolt & Associates LLC now owns 8,611 shares of the computer hardware maker’s stock worth $4,264,000 after buying an additional 2,102 shares during the last quarter. Checchi Capital Advisers LLC grew its position in NVIDIA by 3.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 22,740 shares of the computer hardware maker’s stock valued at $11,261,000 after buying an additional 698 shares during the period. Finally, McKinley Carter Wealth Services Inc. increased its holdings in NVIDIA by 18.5% during the fourth quarter. McKinley Carter Wealth Services Inc. now owns 1,541 shares of the computer hardware maker’s stock valued at $763,000 after buying an additional 241 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at NVIDIA In related news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. 4.23% of the stock is currently owned by insiders. NVIDIA Stock Performance Shares of NVDA opened at $924.79 on Monday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.27 trillion, a PE ratio of 77.45, a P/E/G ratio of 1.31 and a beta of 1.75. NVIDIA Co. has a 12 month low of $298.06 and a 12 month high of $974.00. The stock has a fifty day moving average price of $882.98 and a 200-day moving average price of $687.42. NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. Equities research analysts predict that NVIDIA Co. will post 22.9 earnings per share for the current fiscal year. NVIDIA Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%. Analyst Upgrades and Downgrades Several research analysts have recently weighed in on the stock. Raymond James lifted their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Susquehanna reiterated a “positive” rating and set a $1,050.00 target price on shares of NVIDIA in a research report on Thursday, April 4th. Bank of America boosted their price target on NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Argus raised their price objective on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $966.55. Read Our Latest Research Report on NVDA NVIDIA Company Profile (Free Report) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Avantax Advisory Services Inc. Increases Stake in NVIDIA Co. (NASDAQ:NVDA)
Avantax Advisory Services Inc. grew its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 120,977 shares of the computer hardware maker’s stock after buying an additional 1,279 shares during the quarter. NVIDIA accounts for approximately 0.6% of Avantax Advisory Services Inc.’s portfolio, making the stock its 20th biggest position. Avantax Advisory Services Inc.’s holdings in NVIDIA were worth $59,910,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA during the fourth quarter worth approximately $28,000. Criterion Capital Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth approximately $28,000. Your Advocates Ltd. LLP acquired a new position in NVIDIA during the third quarter worth approximately $30,000. Trivant Custom Portfolio Group LLC increased its position in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC increased its position in NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock. Analyst Ratings Changes Several research analysts have commented on NVDA shares. Mizuho lifted their price target on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Craig Hallum lifted their price target on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. KeyCorp lifted their price target on NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. DA Davidson lifted their price target on NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Finally, Citigroup lifted their price target on NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $966.55. Get Our Latest Stock Analysis on NVDA Insiders Place Their Bets In related news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Insiders own 4.23% of the company’s stock. NVIDIA Trading Down 2.0 % Shares of NVDA opened at $924.79 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 1-year low of $298.06 and a 1-year high of $974.00. The stock has a market cap of $2.27 trillion, a price-to-earnings ratio of 77.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.75. The firm has a 50 day simple moving average of $882.98 and a 200-day simple moving average of $687.42. NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter last year, the business posted $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. Equities analysts forecast that NVIDIA Co. will post 22.9 EPS for the current fiscal year. NVIDIA Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%. NVIDIA Company Profile (Free Report) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Quadrant Capital Group LLC Has $237,000 Stock Position in Edison International (NYSE:EIX)
Quadrant Capital Group LLC grew its holdings in shares of Edison International (NYSE:EIX – Free Report) by 9.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,316 shares of the utilities provider’s stock after acquiring an additional 297 shares during the period. Quadrant Capital Group LLC’s holdings in Edison International were worth $237,000 as of its most recent SEC filing. A number of other hedge funds also recently modified their holdings of EIX. Janney Montgomery Scott LLC increased its stake in shares of Edison International by 7.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 114,115 shares of the utilities provider’s stock valued at $8,158,000 after buying an additional 7,919 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Edison International by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 389,357 shares of the utilities provider’s stock worth $27,870,000 after purchasing an additional 16,425 shares in the last quarter. RBA Wealth Management LLC grew its stake in shares of Edison International by 2.5% in the 4th quarter. RBA Wealth Management LLC now owns 33,170 shares of the utilities provider’s stock valued at $2,371,000 after buying an additional 816 shares during the period. Massachusetts Financial Services Co. MA increased its position in Edison International by 4.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,261,803 shares of the utilities provider’s stock valued at $376,166,000 after buying an additional 202,541 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in Edison International by 73.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 21,114 shares of the utilities provider’s stock worth $1,509,000 after buying an additional 8,922 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock. Analysts Set New Price Targets A number of equities research analysts have commented on the company. StockNews.com raised Edison International from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. The Goldman Sachs Group initiated coverage on shares of Edison International in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 price target for the company. Royal Bank of Canada lowered their price objective on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Wells Fargo & Company upgraded shares of Edison International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $72.00 to $86.00 in a report on Tuesday, May 14th. Finally, TheStreet lowered shares of Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $76.00. View Our Latest Stock Report on Edison International Insiders Place Their Bets In other news, CEO J Andrew Murphy sold 58,099 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.01, for a total value of $4,358,005.99. Following the sale, the chief executive officer now directly owns 19,660 shares of the company’s stock, valued at $1,474,696.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is owned by corporate insiders. Edison International Price Performance NYSE EIX opened at $76.30 on Monday. The company has a market cap of $29.36 billion, a PE ratio of 33.47 and a beta of 0.95. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 2.04. The firm’s 50-day simple moving average is $70.81 and its two-hundred day simple moving average is $68.78. Edison International has a 52 week low of $58.82 and a 52 week high of $76.39. Edison International (NYSE:EIX – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.12 by $0.01. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.16 billion. Edison International had a net margin of 6.14% and a return on equity of 12.48%. Edison International’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. Research analysts predict that Edison International will post 4.92 earnings per share for the current year. Edison International Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.12 dividend on an annualized basis and a yield of 4.09%. Edison International’s dividend payout ratio (DPR) is 136.84%. Edison International Company Profile (Free Report) Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.
Watsco, Inc. (NYSE:WSO) Shares Sold by Avantax Advisory Services Inc.
Avantax Advisory Services Inc. reduced its position in shares of Watsco, Inc. (NYSE:WSO – Free Report) by 49.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,005 shares of the construction company’s stock after selling 1,947 shares during the period. Avantax Advisory Services Inc.’s holdings in Watsco were worth $859,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in shares of Watsco by 7.3% during the 3rd quarter. Fifth Third Bancorp now owns 1,267 shares of the construction company’s stock valued at $479,000 after buying an additional 86 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Watsco by 2.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 2,589 shares of the construction company’s stock worth $978,000 after purchasing an additional 71 shares during the period. M&T Bank Corp increased its position in shares of Watsco by 3.1% during the 3rd quarter. M&T Bank Corp now owns 1,989 shares of the construction company’s stock worth $751,000 after purchasing an additional 60 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Watsco by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 142,955 shares of the construction company’s stock valued at $53,997,000 after buying an additional 568 shares during the period. Finally, Girard Partners LTD. lifted its position in Watsco by 4.6% in the third quarter. Girard Partners LTD. now owns 4,273 shares of the construction company’s stock valued at $1,614,000 after buying an additional 189 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds. Analysts Set New Price Targets WSO has been the topic of a number of research analyst reports. Stephens reissued an “overweight” rating and issued a $500.00 price target on shares of Watsco in a research note on Thursday, April 25th. Robert W. Baird upped their price target on Watsco from $420.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $404.25. Check Out Our Latest Stock Report on WSO Insider Buying and Selling at Watsco In other news, EVP Barry S. Logan sold 774 shares of Watsco stock in a transaction on Friday, May 10th. The shares were sold at an average price of $473.85, for a total transaction of $366,759.90. Following the completion of the sale, the executive vice president now directly owns 1,770 shares of the company’s stock, valued at approximately $838,714.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Barry S. Logan sold 774 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $473.85, for a total transaction of $366,759.90. Following the sale, the executive vice president now owns 1,770 shares of the company’s stock, valued at approximately $838,714.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Alexander Macdonald sold 5,334 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $466.41, for a total value of $2,487,830.94. The disclosure for this sale can be found here. Insiders own 12.86% of the company’s stock. Watsco Stock Performance NYSE:WSO opened at $477.62 on Monday. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 36.74 and a beta of 0.86. The company has a quick ratio of 1.31, a current ratio of 2.92 and a debt-to-equity ratio of 0.01. Watsco, Inc. has a 52 week low of $315.17 and a 52 week high of $488.70. The company has a fifty day simple moving average of $435.73 and a two-hundred day simple moving average of $411.27. Watsco (NYSE:WSO – Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.09). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Watsco had a return on equity of 19.26% and a net margin of 7.03%. Watsco’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $2.83 EPS. As a group, equities analysts anticipate that Watsco, Inc. will post 14.23 earnings per share for the current fiscal year. Watsco Increases Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were issued a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, April 12th. This is a boost from Watsco’s previous quarterly dividend of $2.45. Watsco’s payout ratio is 83.08%. Watsco Profile (Free Report) Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.
Quadrant Capital Group LLC Buys 247 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)
Quadrant Capital Group LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,447 shares of the technology company’s stock after buying an additional 247 shares during the quarter. Quadrant Capital Group LLC’s holdings in Check Point Software Technologies were worth $221,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also bought and sold shares of the company. Foundations Investment Advisors LLC grew its stake in shares of Check Point Software Technologies by 3.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 4,969 shares of the technology company’s stock worth $805,000 after acquiring an additional 163 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Check Point Software Technologies by 9.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 3,570 shares of the technology company’s stock worth $545,000 after purchasing an additional 322 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Check Point Software Technologies by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,717 shares of the technology company’s stock valued at $262,000 after buying an additional 109 shares during the last quarter. Boston Partners lifted its position in shares of Check Point Software Technologies by 5.0% during the 4th quarter. Boston Partners now owns 3,204,519 shares of the technology company’s stock worth $489,700,000 after buying an additional 151,657 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Check Point Software Technologies by 69.3% in the 4th quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company’s stock worth $4,129,000 after buying an additional 11,064 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors. Check Point Software Technologies Stock Performance Shares of CHKP opened at $151.13 on Monday. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.45 and a beta of 0.64. Check Point Software Technologies Ltd. has a 52-week low of $118.21 and a 52-week high of $168.82. The stock’s 50-day simple moving average is $158.95 and its 200 day simple moving average is $154.91. Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.72. The firm had revenue of $598.80 million for the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year. Analyst Upgrades and Downgrades A number of brokerages recently commented on CHKP. Scotiabank increased their price target on Check Point Software Technologies from $170.00 to $180.00 and gave the company a “sector outperform” rating in a research report on Wednesday, February 7th. Barclays raised their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Susquehanna boosted their price target on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, February 7th. Mizuho restated a “neutral” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Finally, TD Cowen boosted their target price on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $169.18. Read Our Latest Stock Report on Check Point Software Technologies About Check Point Software Technologies (Free Report) Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.
Meridian Wealth Management LLC Invests $218,000 in UBS AG FI Enhanced Large Cap Growth ETN (NYSEARCA:FBGX)
Meridian Wealth Management LLC acquired a new position in shares of UBS AG FI Enhanced Large Cap Growth ETN (NYSEARCA:FBGX – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 314 shares of the company’s stock, valued at approximately $218,000. Meridian Wealth Management LLC owned about 0.13% of UBS AG FI Enhanced Large Cap Growth ETN as of its most recent SEC filing. Other large investors have also bought and sold shares of the company. CRA Financial Services LLC bought a new position in shares of UBS AG FI Enhanced Large Cap Growth ETN in the 4th quarter valued at $211,000. David J Yvars Group acquired a new position in UBS AG FI Enhanced Large Cap Growth ETN in the 4th quarter worth about $213,000. Finally, Avantax Advisory Services Inc. bought a new position in UBS AG FI Enhanced Large Cap Growth ETN in the fourth quarter valued at about $243,000. UBS AG FI Enhanced Large Cap Growth ETN Stock Performance NYSEARCA:FBGX opened at $861.42 on Monday. The stock’s 50-day moving average is $815.87 and its 200-day moving average is $746.31. UBS AG FI Enhanced Large Cap Growth ETN has a 1-year low of $498.35 and a 1-year high of $869.52. UBS AG FI Enhanced Large Cap Growth ETN Profile (Free Report) The UBS AG FI Enhanced Large Cap Growth ETN (FBGX) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund provides 2X levered exposure to the total return of the Russell 1000 Growth Index, with quarterly leverage resets. FBGX was launched on Jun 11, 2014 and is issued by UBS. See Also Five stocks we like better than UBS AG FI Enhanced Large Cap Growth ETN What is the Nikkei 225 index? JD’s Earnings Could Mean Chinese Stocks Making a Comeback 3 Must-Buy Warren Buffett Stocks for Volatile Times Canada Goose Flies Higher Driven By DTC Growth 3 Fintech Stocks With Good 2021 Prospects CVS Health Stock Has a Silver Lining Called Value
Avantax Advisory Services Inc. Sells 1,112 Shares of Albemarle Co. (NYSE:ALB)
Avantax Advisory Services Inc. trimmed its position in Albemarle Co. (NYSE:ALB – Free Report) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,290 shares of the specialty chemicals company’s stock after selling 1,112 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Albemarle were worth $1,053,000 at the end of the most recent reporting period. A number of other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its position in Albemarle by 142.3% in the third quarter. Barclays PLC now owns 1,043,861 shares of the specialty chemicals company’s stock valued at $177,499,000 after buying an additional 612,963 shares in the last quarter. International Assets Investment Management LLC boosted its position in Albemarle by 15,046.5% in the fourth quarter. International Assets Investment Management LLC now owns 347,763 shares of the specialty chemicals company’s stock valued at $502,450,000 after buying an additional 345,467 shares in the last quarter. Van ECK Associates Corp boosted its position in Albemarle by 4,471.9% in the fourth quarter. Van ECK Associates Corp now owns 332,100 shares of the specialty chemicals company’s stock valued at $47,982,000 after buying an additional 324,836 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Albemarle by 12.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,555,937 shares of the specialty chemicals company’s stock valued at $224,802,000 after buying an additional 174,391 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Albemarle by 14.1% in the third quarter. Invesco Ltd. now owns 1,221,765 shares of the specialty chemicals company’s stock valued at $207,749,000 after buying an additional 151,158 shares in the last quarter. 92.87% of the stock is owned by institutional investors. Albemarle Trading Up 1.5 % ALB opened at $131.12 on Monday. Albemarle Co. has a 1-year low of $106.69 and a 1-year high of $247.44. The company has a current ratio of 2.84, a quick ratio of 1.91 and a debt-to-equity ratio of 0.37. The company has a market cap of $15.41 billion, a P/E ratio of 47.68, a price-to-earnings-growth ratio of 2.64 and a beta of 1.65. The company has a fifty day moving average price of $124.15 and a two-hundred day moving average price of $125.84. Albemarle (NYSE:ALB – Get Free Report) last posted its earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.09). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.29 billion. Albemarle had a return on equity of 14.53% and a net margin of 4.02%. The company’s revenue was down 47.3% on a year-over-year basis. During the same period in the previous year, the firm earned $10.32 earnings per share. Analysts predict that Albemarle Co. will post 3.13 EPS for the current fiscal year. Albemarle Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, June 14th. Albemarle’s payout ratio is presently 58.18%. Wall Street Analysts Forecast Growth A number of analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of Albemarle from $138.00 to $157.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. TD Cowen lowered shares of Albemarle from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $220.00 to $130.00 in a report on Monday, January 29th. Bank of America upgraded shares of Albemarle from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $137.00 to $156.00 in a report on Wednesday, April 10th. Loop Capital cut their price target on shares of Albemarle from $168.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Albemarle from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Albemarle has a consensus rating of “Hold” and an average price target of $165.95. View Our Latest Research Report on Albemarle Insider Transactions at Albemarle In other news, SVP Mark Richard Mummert sold 843 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $135.53, for a total transaction of $114,251.79. Following the completion of the sale, the senior vice president now directly owns 6,802 shares of the company’s stock, valued at $921,875.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Mark Richard Mummert sold 843 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $135.53, for a total transaction of $114,251.79. Following the completion of the sale, the senior vice president now directly owns 6,802 shares of the company’s stock, valued at $921,875.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO John Clarence Barichivich III sold 1,475 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $132.17, for a total value of $194,950.75. Following the completion of the transaction, the chief accounting officer now directly owns 4,743 shares in the company, valued at approximately $626,882.31. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders. Albemarle Company Profile (Free Report) Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.
Avantax Advisory Services Inc. Acquires 11,449 Shares of Corning Incorporated (NYSE:GLW)
Avantax Advisory Services Inc. grew its stake in shares of Corning Incorporated (NYSE:GLW – Free Report) by 63.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 29,442 shares of the electronics maker’s stock after acquiring an additional 11,449 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Corning were worth $897,000 as of its most recent SEC filing. Other large investors also recently modified their holdings of the company. Natixis Advisors L.P. raised its position in shares of Corning by 5.9% in the 3rd quarter. Natixis Advisors L.P. now owns 101,322 shares of the electronics maker’s stock valued at $3,087,000 after buying an additional 5,616 shares in the last quarter. KMG Fiduciary Partners LLC bought a new stake in Corning during the fourth quarter worth $1,199,000. Socha Financial Group LLC boosted its holdings in shares of Corning by 8.8% in the 4th quarter. Socha Financial Group LLC now owns 343,624 shares of the electronics maker’s stock valued at $10,463,000 after purchasing an additional 27,772 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Corning by 24.2% in the 4th quarter. HB Wealth Management LLC now owns 9,871 shares of the electronics maker’s stock valued at $301,000 after purchasing an additional 1,926 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Corning by 59.8% during the 4th quarter. SG Americas Securities LLC now owns 108,358 shares of the electronics maker’s stock worth $3,300,000 after buying an additional 40,564 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds. Insider Activity at Corning In other Corning news, VP Martin J. Curran sold 16,416 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $33.70, for a total value of $553,219.20. Following the completion of the sale, the vice president now directly owns 65,598 shares in the company, valued at $2,210,652.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Martin J. Curran sold 16,416 shares of Corning stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $33.70, for a total transaction of $553,219.20. Following the completion of the transaction, the vice president now directly owns 65,598 shares in the company, valued at $2,210,652.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lewis A. Steverson sold 29,978 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $33.05, for a total transaction of $990,772.90. Following the completion of the sale, the executive vice president now owns 31,294 shares in the company, valued at approximately $1,034,266.70. The disclosure for this sale can be found here. Insiders have sold 239,841 shares of company stock worth $7,971,257 in the last quarter. Company insiders own 0.45% of the company’s stock. Corning Price Performance Shares of NYSE GLW opened at $35.35 on Monday. The company has a market capitalization of $30.28 billion, a PE ratio of 49.79, a P/E/G ratio of 1.70 and a beta of 1.07. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.61. Corning Incorporated has a twelve month low of $25.26 and a twelve month high of $36.01. The firm has a fifty day simple moving average of $32.73 and a 200 day simple moving average of $31.18. Corning (NYSE:GLW – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The electronics maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. Corning had a return on equity of 12.31% and a net margin of 4.96%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was down 11.5% on a year-over-year basis. On average, sell-side analysts forecast that Corning Incorporated will post 1.9 EPS for the current year. Corning Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, May 31st will be paid a $0.28 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 3.17%. Corning’s dividend payout ratio is currently 157.75%. Wall Street Analyst Weigh In A number of research analysts have issued reports on GLW shares. UBS Group lifted their target price on Corning from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Susquehanna restated a “positive” rating and set a $40.00 price objective on shares of Corning in a research report on Monday, April 1st. Barclays upped their price objective on Corning from $28.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Morgan Stanley reiterated an “overweight” rating and set a $35.00 target price on shares of Corning in a research report on Monday, April 22nd. Finally, Mizuho initiated coverage on shares of Corning in a report on Tuesday, May 7th. They set a “neutral” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Corning has a consensus rating of “Hold” and an average target price of $35.00. Check Out Our Latest Stock Analysis on Corning About Corning (Free Report) Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. See Also Five stocks we like better than Corning Why Special Dividends Can be a Delightful Surprise for Income Investors Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Why is the Ex-Dividend Date Significant to Investors? 3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance Warren Buffett’s Mystery Stock Was Just Revealed Want to see what other hedge funds are holding GLW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corning Incorporated (NYSE:GLW – Free Report).
Foundations Investment Advisors LLC Trims Holdings in Innovator U.S. Equity Power Buffer ETF – February (BATS:PFEB)
Foundations Investment Advisors LLC trimmed its stake in shares of Innovator U.S. Equity Power Buffer ETF – February (BATS:PFEB – Free Report) by 48.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,769 shares of the company’s stock after selling 6,460 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Innovator U.S. Equity Power Buffer ETF – February were worth $225,000 as of its most recent SEC filing. A number of other institutional investors have also added to or reduced their stakes in PFEB. Lincoln National Corp increased its holdings in shares of Innovator U.S. Equity Power Buffer ETF – February by 3.8% in the fourth quarter. Lincoln National Corp now owns 400,282 shares of the company’s stock worth $13,069,000 after purchasing an additional 14,557 shares during the period. Alera Investment Advisors LLC raised its stake in Innovator U.S. Equity Power Buffer ETF – February by 55.3% in the fourth quarter. Alera Investment Advisors LLC now owns 13,396 shares of the company’s stock valued at $437,000 after purchasing an additional 4,771 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in Innovator U.S. Equity Power Buffer ETF – February by 30.1% in the 3rd quarter. Avantax Advisory Services Inc. now owns 52,667 shares of the company’s stock worth $1,604,000 after buying an additional 12,172 shares in the last quarter. RFG Advisory LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – February during the 4th quarter worth $207,000. Finally, Dynamic Advisor Solutions LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – February in the fourth quarter valued at $204,000. Innovator U.S. Equity Power Buffer ETF – February Stock Performance Shares of PFEB stock opened at $34.58 on Monday. The business’s 50-day moving average price is $33.99 and its 200-day moving average price is $33.10. The company has a market capitalization of $754.77 million, a price-to-earnings ratio of 24.35 and a beta of 0.47. Innovator U.S. Equity Power Buffer ETF – February Company Profile (Free Report) The Innovator U.S. Equity Power Buffer ETF – February (PFEB) is an exchange-traded fund that is based on the S&P 500 Price Return index. The fund aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. PFEB was launched on Feb 3, 2020 and is managed by Innovator. See Also Five stocks we like better than Innovator U.S. Equity Power Buffer ETF – February 3 Home Improvement Stocks that Can Upgrade Your Portfolio Canada Goose Flies Higher Driven By DTC Growth What is Forex and How Does it Work? CVS Health Stock Has a Silver Lining Called Value What is an Earnings Surprise? Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding PFEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Innovator U.S. Equity Power Buffer ETF – February (BATS:PFEB – Free Report).
Janney Montgomery Scott LLC Increases Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)
Janney Montgomery Scott LLC increased its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 76,317 shares of the company’s stock after purchasing an additional 3,386 shares during the period. Janney Montgomery Scott LLC owned 0.33% of Invesco Aerospace & Defense ETF worth $7,033,000 as of its most recent SEC filing. Several other large investors have also added to or reduced their stakes in the stock. Avantax Advisory Services Inc. increased its holdings in shares of Invesco Aerospace & Defense ETF by 81.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 37,942 shares of the company’s stock worth $3,497,000 after purchasing an additional 17,047 shares during the period. Wambolt & Associates LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 47.6% during the 4th quarter. Wambolt & Associates LLC now owns 11,885 shares of the company’s stock valued at $1,095,000 after acquiring an additional 3,833 shares during the last quarter. McKinley Carter Wealth Services Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth about $280,000. NBC Securities Inc. increased its position in shares of Invesco Aerospace & Defense ETF by 43.1% in the fourth quarter. NBC Securities Inc. now owns 2,327 shares of the company’s stock worth $214,000 after purchasing an additional 701 shares during the last quarter. Finally, Valley Wealth Managers Inc. raised its stake in Invesco Aerospace & Defense ETF by 98.7% in the fourth quarter. Valley Wealth Managers Inc. now owns 147,451 shares of the company’s stock valued at $13,589,000 after purchasing an additional 73,235 shares in the last quarter. Invesco Aerospace & Defense ETF Trading Up 0.2 % PPA opened at $105.04 on Monday. Invesco Aerospace & Defense ETF has a 12 month low of $77.17 and a 12 month high of $105.44. The business’s 50-day moving average price is $100.92 and its 200-day moving average price is $94.52. The company has a market cap of $3.27 billion, a P/E ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF Company Profile (Free Report) PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations.
The India Fund, Inc. (NYSE:IFN) Shares Purchased by National Bank of Canada FI
National Bank of Canada FI boosted its holdings in shares of The India Fund, Inc. (NYSE:IFN – Free Report) by 233.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the investment management company’s stock after purchasing an additional 1,400 shares during the period. National Bank of Canada FI’s holdings in The India Fund were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its stake in shares of The India Fund by 33.4% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 215,380 shares of the investment management company’s stock valued at $3,752,000 after purchasing an additional 53,907 shares during the period. International Assets Investment Management LLC acquired a new position in The India Fund in the 4th quarter worth about $669,000. Koshinski Asset Management Inc. boosted its position in The India Fund by 104.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 44,315 shares of the investment management company’s stock worth $811,000 after purchasing an additional 22,687 shares in the last quarter. American Institute for Advanced Investment Management LLP acquired a new stake in The India Fund in the fourth quarter valued at approximately $245,000. Finally, Avantax Advisory Services Inc. purchased a new position in shares of The India Fund during the 3rd quarter valued at approximately $212,000. 10.76% of the stock is owned by hedge funds and other institutional investors. The India Fund Stock Performance IFN opened at $17.92 on Monday. The company has a 50-day moving average price of $19.04 and a 200 day moving average price of $18.75. The India Fund, Inc. has a twelve month low of $15.12 and a twelve month high of $21.25. About The India Fund (Free Report) The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio. See Also Five stocks we like better than The India Fund Investing in the High PE Growth Stocks MarketBeat Week in Review – 5/13 – 5/17 How to Invest in Biotech Stocks Take-Two Interactive Software Offers 2nd Chance for Investors Using the MarketBeat Dividend Yield Calculator Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
Natixis Advisors L.P. Makes New $217,000 Investment in Ecopetrol S.A. (NYSE:EC)
Natixis Advisors L.P. purchased a new stake in Ecopetrol S.A. (NYSE:EC – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,266 shares of the oil and gas company’s stock, valued at approximately $217,000. Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Ecopetrol during the fourth quarter worth $85,000. QRG Capital Management Inc. acquired a new position in shares of Ecopetrol in the third quarter valued at approximately $131,000. Avantax Advisory Services Inc. acquired a new stake in Ecopetrol during the 3rd quarter worth approximately $158,000. Anfield Capital Management LLC purchased a new position in Ecopetrol in the 3rd quarter valued at approximately $185,000. Finally, Private Advisor Group LLC grew its stake in shares of Ecopetrol by 76.2% in the third quarter. Private Advisor Group LLC now owns 21,332 shares of the oil and gas company’s stock worth $247,000 after acquiring an additional 9,225 shares in the last quarter. Ecopetrol Price Performance Shares of EC opened at $12.13 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 0.90. Ecopetrol S.A. has a 52-week low of $8.93 and a 52-week high of $13.14. The stock has a 50 day moving average price of $11.58 and a 200 day moving average price of $11.86. Ecopetrol (NYSE:EC – Get Free Report) last posted its earnings results on Thursday, April 18th. The oil and gas company reported $0.74 EPS for the quarter. Ecopetrol had a return on equity of 10.84% and a net margin of 14.77%. The business had revenue of $8.59 billion for the quarter. Equities analysts predict that Ecopetrol S.A. will post 2.55 earnings per share for the current fiscal year. Ecopetrol Cuts Dividend The firm also recently announced a — dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 25th will be issued a $0.7999 dividend. The ex-dividend date is Tuesday, June 25th. This represents a dividend yield of 19.5%. Ecopetrol’s payout ratio is 92.44%. Wall Street Analysts Forecast Growth A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Ecopetrol from $10.30 to $11.90 and gave the company a “neutral” rating in a report on Thursday, April 18th. Morgan Stanley downgraded Ecopetrol from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $11.00 to $8.50 in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ecopetrol from $12.50 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.27. Check Out Our Latest Report on Ecopetrol About Ecopetrol (Free Report) Ecopetrol SA operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services. See Also Five stocks we like better than Ecopetrol Low PE Growth Stocks: Unlocking Investment Opportunities MarketBeat Week in Review – 5/13 – 5/17 Insider Trades May Not Tell You What You Think Take-Two Interactive Software Offers 2nd Chance for Investors Why Are Stock Sectors Important to Successful Investing? Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
Avantax Acquires GA Investment Management Adding 10-person, $400-Million Practice to Avantax's Employee-based Model
DALLAS, May 16, 2024 (GLOBE NEWSWIRE) -- Avantax® Inc., a leader in tax-focused financial planning and wealth management, has acquired GA Investment Management (GA). The Pennsylvania-based wealth management firm was not previously affiliated with Avantax.
Avantax Acquires Integrated Tax & Wealth Strategies' $760 Million Wealth Management Business
DALLAS, May 01, 2024 (GLOBE NEWSWIRE) -- Avantax® Inc., a leader in tax-focused financial planning and wealth management, has acquired the wealth management business of Integrated Tax & Wealth Strategies, an independent wealth management firm that is one of the largest businesses within the Avantax Community, with $760 million in total client assets, as of Dec. 31, 2023. Integrated Tax & Wealth Strategies' founder – highly successful independent financial advisor Brian Stephens – will continue with the tax practice.
Cetera Holdings Announces Close of Avantax Acquisition
Avantax to operate as a unique community within Cetera Holdings, bringing more than 3,100 financial professionals and over $82 billion in assets to Cetera Acquisition further expands Cetera's tax and wealth management offerings and represents core component of Cetera's growth strategy DALLAS and LOS ANGELES , Nov. 27, 2023 /PRNewswire/ -- Avantax, Inc. (NASDAQ: AVTA) and Cetera Holdings, the holding company of Cetera Financial Group, announced today the successful completion of Cetera's acquisition of Avantax. Avantax is now a unique community within the Cetera family with 3,111 financial professionals, representing $82.3 billion in assets under administration and $42.0 billion in assets under management, as of September 30, 2023.
Avantax Welcomes Financial Advisors Joshua Heims and Alan Gnoinski with Nearly $100 Million in Total Client Assets
Focused on growth and expanding partnerships with tax professionals, Heims and Gnoinski bring their New York-based Lincoln Sparrow Advisors team to Avantax from SagePoint Financial Focused on growth and expanding partnerships with tax professionals, Heims and Gnoinski bring their New York-based Lincoln Sparrow Advisors team to Avantax from SagePoint Financial
Avantax Hosts its Largest-Ever National Conference as Attendees Gather in Chicago, Showcasing the Peer-to-Peer Power of the Avantax Community
The event's “Profound Approach, Enduring Impact” theme reflects how independent Avantax Financial Professionals' tax-intelligent approach to financial planning changes clients' lives The event's “Profound Approach, Enduring Impact” theme reflects how independent Avantax Financial Professionals' tax-intelligent approach to financial planning changes clients' lives
Avantax Posts Record Newly Recruited Assets as Advisor Appetite for Joining the Tax-Focused Avantax Community Keeps Growing
Nearly $564 million in third quarter newly recruited assets more than doubles the year-ago quarter Nearly $564 million in third quarter newly recruited assets more than doubles the year-ago quarter
AVANTAX INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Avantax, Inc. - AVTA
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Avantax, Inc. (NasdaqGS: AVTA) to Cetera Holdings. Under the terms of the proposed transaction, shareholders of Avantax will receive $26.00 in cash for each share of Avantax that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the conside.
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